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Mastercard, Blit Rewards to offer credit card facility for rent payments

Wednesday 23 June 2021 11:52 CET | News

US-based rewards programme Blit Rewards has partnered with Mastercard to launch a credit card with no fees for rent payments.

The Bilt Mastercard can be used at any apartment or rental unit with no transaction fees and earn up to 2x points on rent for redemption on travel, rent credits, or even a future down payment on a home. 

The Bilt Mastercard includes several features, including the fact that the card enables rent payments at buildings that don’t currently accept credit cards. For buildings that are not yet part of the Bilt Rewards network, cardholders can still pay rent through the Bilt Rewards App and a check will be sent directly to the landlord on their behalf. Cardholders can also manage their Bilt Mastercard digitally – upon approval, cardholders can instantly access the Bilt Mastercard and begin making purchases online, in-app and at the point of sale by directly adding it to their mobile wallet from the Bilt Rewards App

Mastercard and Bilt Rewards collaborated to create BiltProtect by tapping bill payment processing and open banking through Transactis and Finicity, both Mastercard companies. When enabled, the Bilt Mastercard preserves a cardholder’s credit line and directly pulls funds from their linked bank account with each rent charge, effectively keeping credit lines open for other purchases.

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Keywords: Mastercard, partnership, credit card, loyalty programme
Categories: Payments & Commerce
Companies:
Countries: United States
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Payments & Commerce






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